Monitoring of position limits for equity derivative segment

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..... Chapter 5 of the Master Circular on Stock Exchanges and Clearing Corporations (SECC), dated October 16, 2023 , specifies the overall position limit at the Trading member (TM) level (proprietary + client) to be higher of INR 500 crores or 15% of the total Open Interest (OI) in market. This position limit is separately applicable for all open positions on futures and options contracts, in a particul .....

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..... In conformity with the extant practice in currency derivatives segment, positions of market participants in the equity derivatives segment (index and stocks) shall also be monitored based on total open interest of the market at the end of previous day s trade. 3.2 In case of a drop in market OI compared to the previous day s market OI, market participants may breach the specified position limits .....

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..... their website. 6 This circular is being issued in exercise of powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992 to protect the interests of investors in securities and to promote the development of, and to regulate the securities market. Yours faithfully, Vishal Shukla General Manager Tel. No. 022-2644-9959 Email: [email protected] - Circular - Trad .....

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